Middlesex Water Company (MSEX)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	53,210	39,223	47,333	33,211	37,420
Revenue	US$ in thousands	191,877	166,274	161,157	135,679	133,956
Operating profit margin		27.73%	23.59%	29.37%	24.48%	27.93%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $53,210K ÷ $191,877K
= 27.73%

Middlesex Water Company's operating profit margin has shown some fluctuations over the past five years. In 2020, the operating profit margin stood at 27.93%, indicating that the company generated 27.93 cents of operating profit for each dollar of revenue. This margin decreased slightly to 24.48% in 2021 before rebounding to 29.37% in 2022, showcasing improved profitability. However, in 2023, the operating profit margin declined to 23.59%, possibly indicating challenges in cost management or revenue generation. The most recent data from 2024 indicates a rise in the operating profit margin to 27.73%, suggesting a return to better operational efficiency. Overall, while there have been fluctuations, Middlesex Water Company has generally maintained a healthy operating profit margin, showcasing its ability to effectively manage costs and generate profits from its operations.